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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,139) $ (1,030)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1 5
Stock based compensation expense 1 1
Depreciation and amortization expense 218 146
Gain on sale of real estate owned, net of market value adjustment (19) (70)
Gain on sale of loans, net (3) 0
Gain on sale of building 0 (154)
Amortization and accretion of loan premiums and discounts and deferred charges 36 126
Amortization and accretion of premiums and discounts — securities 208 72
(Increase) decrease in accrued interest receivable (15) 111
Decrease in other assets 3,861 841
Increase in other liabilities 977 509
Net cash provided by operating activities 4,126 557
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale 0 (16,292)
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 2,119 1,061
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 235 221
Originations of loans held-for-investment, net of repayments 6,766 25,325
Proceeds on sale of loans 58 255
Redemption of FHLB-NY stock, net 268 1,202
Purchase of premises and equipment (457) (708)
Proceeds from sales of real estate owned 111 805
Net cash provided by investing activities 9,100 11,869
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (5,859) (29,900)
Net decrease in FHLB-NY advances and other borrowings (6,000) (25,000)
Net cash used in financing activities (11,859) (54,900)
Net increase (decrease) in cash and cash equivalents 1,367 (42,474)
Cash and cash equivalents at beginning of period 31,228 134,558
Cash and cash equivalents at end of period 32,595 92,084
Noncash financing and investing activities    
Transfers to real estate owned 0 142
Recognition of right-of-use asset 19,951 0
Recognition of lease liability 20,335 0
Cash paid for:    
Interest 1,166 1,313
Income taxes $ 17 $ 0